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What is Macroeconomics? - Definition & Principles

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of macroeconomics?

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1. Which one of the following is the best explanation of economic output?

2. What is the difference between inflation and deflation?

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About This Quiz & Worksheet

This quiz and worksheet will check your understanding of the principles of macroeconomics. Some of the concepts tested in the quiz include macroeconomics, economic output, and inflation and deflation. The quiz will ask you to define these terms and a handful of others.

Quiz & Worksheet Goals

These assessment tools will test you on the following:

  • Definition of macroeconomics
  • Importance of macroeconomics
  • Economic output and GDP
  • How macroeconomists measure economic fluctuations
  • Study of unemployment rate in macroeconomics
  • Inflation and deflation

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about macroeconomics in a different light
  • Defining key concepts - ensure that you can accurately define main phrases, such as economic output and macroeconomics
  • Distinguishing differences - compare and contrast topics from the lesson, such as economic output and gross domestic product and inflation and deflation

Additional Learning

There is a partner lesson that will help you learn more about the material. The lesson is titled 'What is Macroeconomics? - Definition and Principles'. The lesson covers the following objectives:

  • Define macroeconomics
  • Describe the three main principles of macroeconomics
  • Explore economic output and gross domestic product
  • Learn the model used by macroeconomics to study economic fluctuations
  • Understand how macroeconomists study unemployment rates
  • Characterize inflation and deflation
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